engleski

Impact of commercial banks on company decisions : the case of Slavonska banka

HAAB Klagenfurt took over and later merged Slavonska banka with its other daughter bank in the Republic of Croatia in 2009. The authors analyze the cooperation between the bank and companies and the relations deriving from the following issues: a) purchase of nonexistent claims, b) representation of the bank in its process against the State Agency for Deposit Insurance and Bank Rehabilitation (DAB) and c) the bank's role in the company’s financial recovery by issuing unauthorized bill discounts. With the consent of the Hypo Alpe Adria Bank Inc. Zagreb, Slavonska banka sold CARESOS d.o.o the (non) existing claims in the case of Glumina banka in bankruptcy. Moreover, CARESOS d.o.o signed an agreement of representation with HAAB Klagenfurt in its plea against DAB Croatia, regarding the agreement on share purchase of Slavonska banka in July 1998, and even though it won the plea it failed to perform its contractual obligations in terms of agreed commission towards the company. Finally HAAB, together with CARESOS and others participated in the TAJ PAN recovery project in which it issued unauthorized discount bills causing damages to all companies involved and failure of the project realization.

Hypo Alpe Adria Group ; State agency for deposit insurance and bank rehabilitation ; Slavonska banka ; bank bills ; stocks ; company

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